We are very attentive with financial issues.
As rental managers it is our duty to account for every penny of income and each expense. All of us work diligently to make sure that each real estate investor has the opportunity to understand exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: Rent Manager.
We strive to process and deposit rents on the same day they are received. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rent received as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end report. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Shenandoah County Rental Management Resources
Your investment in real estate is a business like any other. As a landlord, you have expenses, income and with perseverance, you also have the expectation of financial reward.
In the business of real estate investment, nearly all cashflow comes from tenants. And that's the catch: If you have tenants, you will have problems. Even the best of tenants have needs and all properties will require maintenance or management at some point. A property management company takes all the hassle out of rental management.
Do you need understand more about the local real estate market?
Our Guide to Real Estate is a handy tool for anyone who needs to investigate real estate facts about Shenandoah County and neighboring areas. The Guide to Real Estate compiles facts regarding what has sold and what is on the market, and a couple of surprising facts that you might not know. Also, our Guide has many of the assets of living in Shenandoah County. Certainly, most of this is interesting for purchasers and sellers, but rental investors and tenants will likely also find this data to be very edifying.